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118122 Beulah Court, Santa Cruz, California 95060, Santa Cruz, - bed, bath

home-pic
ACTIVE$1,200,000
118122 Beulah Court, Santa Cruz, California 95060
0Bed
0Bath
1,500Sqft
11,700Lot
Year Built
1963
Close
-
List price
$1.2M
Original List price
$1.2M
Price/Sqft
-
HOA
$458
Days on market
-
Sold On
-
MLS number
ML82011974
Home ConditionFair
Features
View-

About this home

New Tax Code = New Opportunity! With enhanced bonus depreciation rules just released, this fully rented triplex offers smart investors a chance to improve cash flow from day one. Pair steady rents and low expenses with long-term appreciation in a prime Santa Cruz location. Ask about the seller credit to buy down your rate and boost returns even further. A rare chance to combine location, leverage, and tax strategy into a winning investment. This well-maintained triplex features three 1-bedroom, 1-bathroom units with long-term tenants and a strong rental history. Upgrades include flooring, modern appliances, and an engineered septic system, making this a clean, low-maintenance investment. Each unit is separately metered for PG&E, and there is ample parking and private outdoor space for tenants. The property is located in a commuter-friendly area with strong rental demand and zero vacancy history. Triplexes in Santa Cruz with this level of care, condition, and long-term stability are rare. Build your portfolio and grow your wealth in one of Californias most desirable coastal markets. Please do not disturb tenants. Inspections Available.

Price History

Date
Event
Price
06/21/25
Listing
$1,200,000
Neighborhood Comparison
 SubjectAverage HomeNeighbourhood Ranking (5 Listings)
Beds00
Baths00
Square foot1,5001,855
33%
Lot Size11,7007,188
83%
Price$1.2M$1.38M
33%
Price per square foot$800$785
67%
Built year19639695976
83%
HOA$458
0%
Days on market136148
50%
Condition Rating
Fair
The property was built in 1963, making it over 60 years old. While the description mentions 'upgrades including flooring, modern appliances, and an engineered septic system,' and states it is 'well-maintained' and 'clean, low-maintenance,' there are no interior images to assess the condition, style, or features of the kitchen and bathrooms, or the overall aesthetic of the living spaces. The term 'modern appliances' is positive for the kitchen, but without visual confirmation of cabinetry, countertops, or bathroom fixtures, it's difficult to ascertain the extent of the renovation or if the overall style is current. The exterior images show a well-kept property from the outside, but do not provide insight into the interior. Given its age, even with some updates, the property likely shows signs of being outdated in certain areas, aligning with the 'Fair' criteria of being 'aged but maintained through regular upkeep and occasional updates' and potentially requiring 'minor updates or repairs' to meet contemporary standards.
Pros & Cons

Pros

Strong Investment Opportunity: This fully rented triplex boasts long-term tenants, a strong rental history, and zero vacancy, providing immediate and stable cash flow for investors.
Prime Santa Cruz Location: Situated in a highly desirable coastal market with strong rental demand and commuter-friendly access, ensuring excellent long-term appreciation potential.
Significant Financial Incentives: The property offers new tax code bonus depreciation rules and a seller credit to buy down the interest rate, substantially boosting investor returns and cash flow from day one.
Well-Maintained & Upgraded: The triplex is well-maintained with recent upgrades including flooring, modern appliances, and an engineered septic system, minimizing immediate capital expenditures and ensuring low-maintenance operation.
Operational Efficiency: Each unit is separately metered for PG&E, reducing landlord utility management and costs, complemented by ample parking and private outdoor space for tenants.

Cons

Age of Property: Built in 1963, the property, despite upgrades, may eventually require more significant capital expenditures for major systems or structural components compared to newer constructions.
Limited Unit Configuration: All three units are 1-bedroom, 1-bathroom, which may limit the potential tenant pool to singles or couples, potentially restricting future rental income growth compared to properties with more diverse unit sizes.
Ongoing Association Fee: An association fee of $458.0 adds to the monthly operational expenses, which will impact the net operating income and overall profitability for the investor.

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